AVAX/USDT – 4H – SELLThe pair Avalanche/Tether (AVAX/USDT) goes from the bearish trendline down.
A continuation of the downward movement down to the next support level at 8.52 is expected.
Caution: A possible change in the direction of the resistance zone at 15.86 is within the realm of possibility.
Consider stop-loss settings accordingly.
Then a ‘Three Black Crows’ chart pattern is detected. The candles show ‘Three Black Crows’. which is a bearish chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Black Crows’ heading down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 19.01 |
| 2nd High | 18.61 |
| Next High | 15.86 |
| Current Price | 12.920000000 |
| Next Low | 8.52 |
| 2nd Low | |
| 3rd Low |
15.86 – 18.61 – 18.41 – 14.84 – 15 – 17.51 — 22.330298813417 – 20.373472711383 — 3.3456539258595 – 1.5036285913113 – 3.4949638400536 – 2.7316454810101
Trading Signals: CRYPTO – AVAX – AVAX/USDT – USDT – Three Black Crows – – –